1. INTRODUCTION
The Board of Directors of EHB ("the Board") wishes to announce that EXSIM Concepto Sdn. Bhd. ("ECSB"), a wholly-owned subsidiary of the Company, had on 1 September 2026 accepted the letter of award dated 27 August 2026 ("LOA") awarded by Lim Legacy Properties Sdn. Bhd. ("LLPSB") for the main building works for the proposal to build a 2-storey temporary show unit (sales gallery) at Lot 43943, Jalan Klang Lama, Mukim Petaling, 58200 Kuala Lumpur, Wilayah Persekutuan Kuala Lumpur ("Contract Works").
2. INFORMATION ON ECSB
ECSB was incorporated in Malaysia as a private company limited by shares having its registered address at No. D-09-02, Level 9, EXSIM Tower, Millerz Square @ Old Klang Road, Megan Legasi, No. 357, Jalan Kelang Lama, 58000 Kuala Lumpur, Wilayah Persekutuan Kuala Lumpur.
The nature of business of ECSB is principally involved in providing specialised fit-out services for hospitality property assets, general contracting business and centralised procurement business.
3. INFORMATION ON LLPSB
LLPSB was incorporated in Malaysia as a private company limited by shares and having its business address at D-35-01, Level 35, EXSIM Tower, Millerz Square @ Old Klang Road, Megan Legasi, No. 357, Jalan Kelang Lama, 58000 Kuala Lumpur, Wilayah Persekutuan Kuala Lumpur.
The nature of business of LLPSB is principally involved in property development.
4. DETAILS OF THE LOA
(a) The contract sum for the Contract Works is RM7,350,000.00 (Ringgit Malaysia: Seven Million Three Hundred Fifty Thousand) only ("the Contract Sum").
(b) The date of commencement shall be on 7 September 2026 and is scheduled for completion on 6 March 2027, with a duration of six (6) months.
(c) The defects liability period shall be twenty-seven (27) months commencing from the date of Certificate of Practical Completion of completed works.
(d) ECSB shall carry out the Contract Works in accordance with the other supplementary terms and conditions set out in the LOA.
5. FINANCIAL EFFECTS
The acceptance of the LOA by ECSB to undertake the Contract Works is expected to contribute positively to the net assets per share, earnings per share and gearing of the Company throughout the duration of the Contract Works.
6. RISK FACTORS
The Company does not foresee any exceptional risk other than the normal operational risks associated with the LOA and/or the Contract Works. Nevertheless, the Company will take the necessary steps to mitigate the risks as and when they occur.
7. APPROVAL REQUIRED
The acceptance of the LOA is not subject to the approval from the Company's shareholders and/or any regulatory authorities.
8. DIRECTORS' AND MAJOR SHAREHOLDERS' AND/OR PERSONS CONNECTED WITH A DIRECTOR OR MAJOR SHAREHOLDER'S INTERESTS
The Contract Works is regarded as recurrent related party transactions of a revenue or trading nature ("RRPT") pursuant to Main Market Listing Requirements of Bursa Malaysia Securities Berhad of which renewal mandate to enter into such RRPT had been obtained from its shareholders at the Annual General Meeting of the Company held on 27 November 2025.
Mr. Lim Aik Hoe, Mr. Lim Aik Kiat, and Mr. Lim Aik Fu (collectively, the "Interested Major Shareholders") are major shareholders of the Company, holding a 69.541% indirect interest in EHB through their direct shareholding in EXSIM Hospitality Holdings Sdn. Bhd., pursuant to Section 8 of the Companies Act 2016.
Mr. Lim Aik Hoe and Mr. Lim Aik Kiat are also directors of LLPSB. The Interested Major Shareholders hold 100% indirect interest in LLPSB via their direct shareholding in EXSIM Development Sdn. Bhd., pursuant to Section 8 of the Companies Act 2016.
Save as disclosed above, none of the Directors, major shareholders of the Company, and/or persons connected to them has any interest, direct or indirect, in the Contract Works.
9. STATEMENT BY THE BOARD OF DIRECTORS
The Board, after having considered all aspects of the LOA and the Contract Works, is of the opinion that the LOA and the Contract Works are within the ordinary course of business of EHB and the acceptance of the LOA is in the best interest of the Company.
This announcement is dated 1 September 2026.